Stocks in news: Mcleod, Idea, ONGC, Patni, SREI Infra

Here are stocks that are in news today:

Committee of Secretaries (CoS) meeting on Fertiliser
-CoS Meeting: Progress but no final decision
-CoS agrees to most proposals
-Recommends implementation of NBS for Urea
-NBS is urea with open MRP
-In principle pooling of gas has been accepted
-Additional subsidy for those with higher cost of production
-One to one issues with regards to subsidy need to be discussed with cos
-DCM Sriram, Kribhco & Nar Fert have expressed concerns
-Fert Ministry to meet fertiliser companies in 2-3 days to discuss urea decontrol
-Final model still not arrived at due to discrepancies

Other stocks and sectors that are in news today:
-RBI classifies SREI Infrastructure Finance as infra finance company
-i-Gate gets a nod from SEBI to purchase 20% stake in Patni Computers through open offer (BS)
-ONGC bags 10 blocks for the New Exploration Licensing Policy & RIL front runner for 2 blocks (BS)
-Idea Cellular to invest Rs 4200 crore for the launch of 3G services in 11 circles where it has bagged licenses (FE)
-Mcleod Russel to launch tea trading operations in Dubai likely by mid May (DNA) 
-Public Accounts Committee summons Ratan Tata, Anil Ambani & Niira Radia on recent developments on the allocation of 2G spectrum (BS)
-BHEL results on 4th April
-Omkar Speciality: General board meet today
-F&O ban: Bombay Rayon, Kingfisher, Suzlon, Videocon
-Delhi HC sanctioned the Scheme of Arrangement between Indiabulls Real Estate and Indiabulls Wholesale Services
-REC board approves setting up of three projects specific purpose vehicles (SPVs) as subsidiary companies of REC
-Chambal Fertiliser board approves appointment of independent consultants to explore various options for the purposes of restructuring the shipping business
-ACC: Ex dividend by 20.5
-Vardhman Textiles: Goes ex-scheme of arrangement

Finance Ministry on Cairn-Vedanta:
-Cairn-Vedanta deal & ONGC dispute 2 distinct issues
-GoI should strictly go by letter & spirit of contract
-GoI must follow legal provisions while granting nod
-Dispute settlement should contine w/'successor in title'
-Law Ministry also says maintain sanctity of contract terms
-Govt of India can't use row as 'opportunity' to resolve in own favour
-Negotiations & not directives, way out from bad contracts
-GoI directives not recognised in global legal parlance
-Need environment that promotes foreign investment
-NoC from Cairn for 2 blocks only if contract allows
-Consent not to be conditional to dispute resolution
-Legal view on royalty cost recovery paid by ONGC needed
-Legal view must before taking proposal to cabinet
-Legal view must for cabinet to take considered view
-Oil Ministry must consult Law Ministry on future obligations
-'Vedanta must be fully accountable for obligations'
-Obligations for all PSCs by Cairn & subsidiaries
-'Ensure that there is no loophole in this regard'
-Clarify if Cairn subsidiaries also being transferred

_PAGEBREAK_

Lavasa
-MoEF may agree with EAC's conditional nod to Lavasa: sources
-6 conditions may be imposed on Lavasa: srcs
-No cutting of hills, construction only on 614 ha: Srcs
-Lavasa city plan may have to be reworked: srcs
-Future construction will have to adhere to new norms; srcs
Alert: MoEF affidavit on Lavasa in Bombay HC on March 30
Alert: Opposition to latest EAC findings continue
-Activist Medha Patkar meets Jairam Ramesh
-Patkar to unveil alleged fraudulent land transfers at Lavasa
-Latest EAC findings against previous EAC reports: Medha Patkar
-Unlawful to regularise Lavasa structures: Medha Patkar  

Uninor- Sources say
-Uninor undertakes not to dilute equity for 8 weeks
-Unitech undecided on Telenor arbitration offer
-Unitech feels Uninor well funded till year end
-Unitech disagrees with Telenor preference for equity funding
-Unitech feels debt market for telcos won't be shut forever
CNBC-TV18 alert:
-Uninor raised debt last month

Unitech Sources Say
-